Global Thematic Partners LLC trimmed its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 43.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 313,065 shares of the company’s stock after selling 236,327 shares during the quarter. Global Thematic Partners LLC owned approximately 0.09% of Estee Lauder Companies worth $39,834,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mutual of America Capital Management LLC increased its holdings in shares of Estee Lauder Companies by 5.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 27,342 shares of the company’s stock worth $2,624,000 after acquiring an additional 1,340 shares during the period. Dimensional Fund Advisors LP increased its stake in Estee Lauder Companies by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 476,100 shares of the company’s stock valued at $45,696,000 after buying an additional 14,932 shares during the period. Voya Investment Management LLC increased its stake in Estee Lauder Companies by 3.2% during the 2nd quarter. Voya Investment Management LLC now owns 87,284 shares of the company’s stock valued at $8,378,000 after buying an additional 2,671 shares during the period. PDT Partners LLC acquired a new position in Estee Lauder Companies during the 2nd quarter valued at about $854,000. Finally, First Allied Advisory Services Inc. acquired a new position in Estee Lauder Companies during the 2nd quarter valued at about $294,000. Hedge funds and other institutional investors own 54.03% of the company’s stock.
Estee Lauder Companies Inc (NYSE:EL) opened at $137.03 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.74. Estee Lauder Companies Inc has a twelve month low of $81.69 and a twelve month high of $138.74. The stock has a market capitalization of $50,460.00, a PE ratio of 47.58, a P/E/G ratio of 2.39 and a beta of 0.74.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Friday, February 2nd. The company reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.08. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.68 billion. Estee Lauder Companies had a return on equity of 34.86% and a net margin of 8.43%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.22 earnings per share. research analysts predict that Estee Lauder Companies Inc will post 4.36 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.38 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.52 annualized dividend and a yield of 1.11%. Estee Lauder Companies’s dividend payout ratio is currently 52.78%.
In other news, EVP Michael O’hare sold 26,203 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $133.40, for a total value of $3,495,480.20. Following the completion of the sale, the executive vice president now directly owns 7,583 shares of the company’s stock, valued at approximately $1,011,572.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard D. Parsons sold 9,312 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $132.96, for a total value of $1,238,123.52. Following the completion of the transaction, the director now owns 4,576 shares of the company’s stock, valued at $608,424.96. The disclosure for this sale can be found here. Insiders have sold a total of 1,390,653 shares of company stock valued at $175,112,676 over the last three months. Company insiders own 16.24% of the company’s stock.
Several equities analysts have recently weighed in on EL shares. KeyCorp set a $115.00 price objective on shares of Estee Lauder Companies and gave the company a “buy” rating in a research report on Monday, October 16th. Stifel Nicolaus raised their price objective on shares of Estee Lauder Companies from $114.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Royal Bank of Canada set a $115.00 price target on shares of Estee Lauder Companies and gave the stock a “buy” rating in a report on Monday, October 23rd. Telsey Advisory Group raised their price target on shares of Estee Lauder Companies from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Finally, Piper Jaffray Companies set a $135.00 price objective on shares of Estee Lauder Companies and gave the company a “buy” rating in a research report on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Estee Lauder Companies presently has a consensus rating of “Buy” and a consensus price target of $128.57.
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Estee Lauder Companies Profile
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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